Axie Infinity turnover drops to February 2021 levels
- June 7, 2022
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The weekly trading volume of blockchain game Axie Infinity has dropped below $1 million for the first time since February 2021. The chart below shows that P2E-For the
The weekly trading volume of blockchain game Axie Infinity has dropped below $1 million for the first time since February 2021.
The chart below shows that P2E-For the last week of May, the platform was $988,380.
In August 2021, when Axie Infinity was at the peak of popularity, turnover reached $214 million.
Then the activity began to decline. The decline was accelerated by the Ronin sidechain hack in March 2022, in which the hacker withdrew $625 million worth of crypto assets.
However, in April, Sky Mavis, the company behind the blockchain game, closed a $150 million funding round led by Binance. Animoca Brands, a16z, Dialectic, Paradigm and Accel also invested in the project.
The native platform token Axie Infinity (AXS) fell by 87.9% and the Smooth Love Potion (SLP) – 98.7%, compared to the historical maximum.
Recall that in April, Sky Mavis said it expects to recover some of the stolen funds within two years.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
